The story of this market
The typical home in ZIP 23507 sells for about $512,000, or $238 per square foot.
Prices are up +3.3% from a year ago, so sellers still have some momentum. Homes take about 33 days to sell. HUD's fair market rent for a two-bedroom is $1,498 a month.
ZIP 23507 — Norfolk
The 23507 market shows steady appreciation with a median sale price of $512,000, reflecting a 3.3% year-over-year increase. Inventory remains tight, supporting a seller's market environment. Several metrics, including specific months of supply and price-cut percentages, were not available at the ZIP level and have been omitted.
Median prices moved up 3.3% year over year.
Homes spend a median of 33 days on market with 2.7 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 10.6% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 23507, Norfolk city, Virginia
Data retrieved from data.census.gov ZCTA 23507 profile.
- Apex Entertainment Virginia Beach4.510 mi
- Dave & Buster's4.113.9 mi
- Hunt Club Farm4.617.4 mi
- Sky Zone Trampoline Park4.27.2 mi
- Hampton Virginia Aquaplex4.112.5 mi
- Virginia Aquarium & Marine Science Center4.418.6 mi
- Hampton Coliseum4.412.1 mi
- Virginia Beach Convention Center4.518.2 mi
- Veterans United Home Loans Amphitheater at Virginia Beach4.413.5 mi
- Topgolf Virginia Beach4.48 mi
- Virginia Zoo4.52.2 mi
- Norfolk Botanical Garden4.86.8 mi
- Mount Trashmore Park4.710.8 mi
- Apex Entertainment Virginia Beach4.510 mi
- Nauticus4.71.7 mi
- Virginia Aquarium & Marine Science Center4.418.6 mi
- Virginia Living Museum4.716.7 mi
- Chrysler Museum of Art4.81.4 mi
- Nauticus4.71.7 mi
- Cape Henry Lighthouse4.417.4 mi
- Norfolk Botanical Garden4.86.8 mi
- Mount Trashmore Park4.710.8 mi
- Buckroe Beach and Park4.612 mi
- Oak Grove Park4.78.3 mi
- Chesapeake City Park4.79.3 mi
- VIG Portsmouth3.42.5 mi
- Cavalier Golf & Yacht Club4.717.1 mi
- Hampton Yacht Club4.610.7 mi
- Tidewater Yacht Marina4.72 mi
- Salt Ponds Marina Resort4.313 mi
- Topgolf Virginia Beach4.48 mi
- Sleepy Hole Golf Course4.611.3 mi
- Riverfront Golf Club4.47.2 mi
- Sewells Point Golf Course4.34.1 mi
- Greenbrier Country Club4.58.9 mi
- Norfolk Premium Outlets4.46.4 mi
- Greenbrier Mall4.17.8 mi
- Navy Exchange Main4.55.3 mi
- Grand Mart4.47.8 mi
- Town Center of Virginia Beach4.510.2 mi
- Norfolk International Airport4.36.6 mi
- Naval Air Station Oceana4.316.5 mi
- Newport News/Williamsburg International Airport4.420.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).